management overlay

DBS’s net profit of $2 billion in 1QFY2021 sets tone for FY2021 - THE EDGE SINGAPORE

Banking & finance

DBS’s net profit of $2 billion in 1QFY2021 sets tone for FY2021

DBS Group Holdings announced a net profit of $2 billion, up 99% q-o-q and 72% y-o-y. It was not a surprise.

Banking & finance

Large amounts of general provisioning

Regardless the increase in operating profit for Oversea-Chinese Banking Corp (OCBC) or the resilient performance of United Overseas Bank’s (UOB) regional subsidiaries or the strength of DBS Group H

Banking & finance

Earnings, dividends, credit costs and RWA

SINGAPORE (May 15): The three local banks have taken slightly different approaches to pro-visioning and dividends.

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